SPAQ vs XRPM

Comparison between HORIZON KINETICS SPAC ACTIVE ETF (SPAQ, ETF) and Amplify XRP 3 Monthly Premium Income ETF (XRPM, ETF).

SPAQ vs XRPM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPAQ(ETF)	XRPM(ETF)
Net Assets	$10M	$10M
Expense Ratio	0.85%	0.75%
Max Drawdown	17.06%	60.10%
Sharpe Ratio	0.16	-1.19
5Y Beta	0.01	2.38
P/E Ratio	-17.09	N/A
Forward P/E	40.16	N/A
Debt to Equity	0.00%	N/A
P/S Ratio	3.13	N/A
P/B Ratio	2.07	N/A

Net Assets

SPAQ

$10M

Winner

XRPM

$10M

Expense Ratio

SPAQ

0.85%

Winner

XRPM

0.75%

Max Drawdown

Winner

SPAQ

17.06%

XRPM

60.10%

Sharpe Ratio

Winner

SPAQ

0.16

XRPM

-1.19

5Y Beta

Winner

SPAQ

0.01

XRPM

2.38

P/E Ratio

SPAQ

-17.09

XRPM

N/A

Forward P/E

SPAQ

40.16

XRPM

N/A

Debt to Equity

SPAQ

0.00%

XRPM

N/A

P/S Ratio

SPAQ

3.13

XRPM

N/A

P/B Ratio

SPAQ

2.07

XRPM

N/A

SPAQ vs XRPM - Holdings Comparison

SPAQ and XRPM have 0 common holdings. Overlap is 0.00%

SPAQ's top 25 holdings weight is 93.90%. XRPM's top 25 holdings weight is 41.38%.

Rank	SPAQ	XRPM
#1	n/a (OACC) - 5.32%	INVESCO SHRT-TRM INV GOV&AGCY INSTL (AGPXX) - 22.40%
#2	n/a (NHIVU) - 4.53%	CANARY XRP ETF (XRPC) - 18.98%
#3	n/a (WENN) - 4.18%	N/A
#4	n/a (EVOX) - 4.16%	N/A
#5	n/a (CEPV) - 4.10%	N/A
#6	n/a (SAAQ) - 4.05%	N/A
#7	n/a (WLII) - 4.05%	N/A
#8	n/a (MTAL) - 4.03%	N/A
#9	OTG ACQUISITION CORP I CLASS A (OTGA) - 4.03%	N/A
#10	n/a (RREVU) - 4.01%	N/A
#11	n/a (ALOV) - 4.01%	N/A
#12	n/a (DSAC) - 4.00%	N/A
#13	M EVO GLOBAL ACQUISITION CORP II (n/a) - 4.00%	N/A
#14	n/a (KCA-U) - 4.00%	N/A
#15	SPARTACUS ACQUISITION CORP II CLASS A (TMTS) - 3.97%	N/A
#16	n/a (HCIC) - 3.94%	N/A
#17	DYNAMIX CORP CLASS A ORDINARY SHARES (DYNC) - 3.94%	N/A
#18	n/a (CRAN) - 3.64%	N/A
#19	n/a (YICCU) - 3.47%	N/A
#20	n/a (ALDF) - 3.19%	N/A
#21	n/a (OYSE) - 3.07%	N/A
#22	n/a (AIIA) - 3.04%	N/A
#23	BTC DEVELOPMENT CORP CLASS A (BDCI) - 2.51%	N/A
#24	JACKSON ACQUISITION CO II CLASS A (JACS) - 2.46%	N/A
#25	n/a (TACH) - 2.20%	N/A
Total Holdings	59	2

SPAQ vs XRPM - Historical Returns

Returns include dividend reinvestment.

Period	SPAQ	XRPM
1 month	-0.33%	+2.38%
3 months	+1.77%	-19.09%
6 months	+2.13%	-38.84%
1 year	+4.11%	N/A
Max(CAGR)	+5.82%	-60.83%

SPAQ

-0.33%

Winner

XRPM

+2.38%

Winner

SPAQ

+1.77%

XRPM

-19.09%

Winner

SPAQ

+2.13%

XRPM

-38.84%

SPAQ

+4.11%

XRPM

N/A

Max(CAGR)

Winner

SPAQ

+5.82%

XRPM

-60.83%

SPAQ vs XRPM - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	SPAQ	XRPM
2026	+3.03%	-42.72%
2025	+7.39%	-13.50%
2024	+4.68%	N/A
2023	+5.52%	N/A

SPAQ vs XRPM Drawdown Comparison

The maximum drawdown for SPAQ was -5.30%, occurring on Sep 17, 2025. Recovery took 76 trading sessions.

The maximum drawdown for XRPM was -51.79%, occurring on Jun 25, 2026. This drawdown has not yet recovered.

The current SPAQ drawdown is -0.64%. The current XRPM drawdown is -47.77%.

Rank	SPAQ	XRPM
#1	-5.30% Jun 20, 2025 - Oct 8, 2025	-51.79% Jan 5, 2026 - Jun 25, 2026
#2	-4.05% Dec 13, 2023 - Mar 18, 2024	-15.02% Nov 18, 2025 - Jan 5, 2026
#3	-3.95% Oct 15, 2025 - May 26, 2026	N/A
#4	-3.55% Aug 22, 2024 - Oct 18, 2024	N/A
#5	-1.02% Jul 7, 2026 - Jul 9, 2026	N/A
#6	-0.96% Feb 12, 2025 - Feb 19, 2025	N/A
#7	-0.84% Nov 5, 2024 - Dec 6, 2024	N/A
#8	-0.79% Jul 27, 2023 - Aug 10, 2023	N/A
#9	-0.75% May 27, 2025 - May 29, 2025	N/A
#10	-0.71% Mar 7, 2025 - Mar 18, 2025	N/A
#11	-0.71% Jun 9, 2025 - Jun 16, 2025	N/A
#12	-0.68% Mar 21, 2025 - Apr 25, 2025	N/A
#13	-0.60% Oct 28, 2024 - Nov 5, 2024	N/A
#14	-0.55% Jun 9, 2026 - Jul 7, 2026	N/A
#15	-0.52% Mar 21, 2023 - Apr 12, 2023	N/A

Correlation

Correlation between SPAQ and XRPM is -0.54 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.54

-101